The Silence on ET is deafening!

[Stealth Trader]

Quote from traderdragon2:

Free money everywhere today, the fact that ET has fallen silent is simply a sign that 99% of the people here are not real traders.

This graphic is already old, ive made more today now.

I know guys who will make my profit today look like a joke. :eek:

Its an awesome trading day!

You have me beat by $2400 and my tally is current. Of course, I am only trading half positions today, but I concede that's no excuse. A "real" trader would be loading the boat on these moves!

Good job!!!


st

 

[atticus]

The only ppl losing are passive longs and passive-leveraged short gamma. If you're not making money in active-trading, then you should consider another profession.

 

[atticus]

Quote from traderdragon2:

Free money everywhere today, the fact that ET has fallen silent is simply a sign that 99% of the people here are not real traders.

Perhaps they're trading, not posting?

 

[WD40]

Quote from myminitrading:

Im sure most here can read charts, I have been reading charts for over 8 years, this morning was extremely erratic and not so easy to read, these things happen from time to time.

The market is NEVER eratic. You have been reading the charts for over 8 years, you should know better than that.

The market is Never eratic, traders who got spooked are.

 

[WD40]

Quote from Hydroblunt:

Why do people say stupid shit like this?
So tell me, if I enter my position in a stock irregardless of what the futures are doing and am sitting in a hefty profit, but then watch the Dow start making these wild swings and messing up my trade as the institutions step back and the daytraders & bots start going nuts, how exactly is that a fantastic trading market?

I'm not trying to argue you to the opposite viewpoint, but your statement is one of a newbie. Not everyone trades like you and trades the same instrument. I do not know who is playing the futures when they are making those sick moves but I do know that only daytraders and daytrading "hedge funds" are playing the stocks during that time while any real institutional buyers & sellers dissapear. Which essentially makes it like gambling and I do not like to gamble.

Go get a job if you can't trade.

You are investing, don't confuse it with trading.
Go put the stock certificates under your pillow. Have a sweet dream, you will wake up with profits.

 

[myminitrading]

Quote from Stealth Trader:

Says the minion who is confused about the direction of todays market.

Enough said.

st

Sure I will admit I can't always catch every move, so what. I do well enough to stay in the game.

Their were quite a few who noticed this mornings erratic behavior.

 

[myminitrading]

Quote from WD40:

The market is NEVER erratic. You have been reading the charts for over 8 years, you should know better than that.

The market is Never erratic, traders who got spooked are.

Markets can become very volatile, or erratic.

 

[Hydroblunt]

Quote from Stealth Trader:

It's not stupid, it's a fact. If I understand him correctly, what he is saying is that if your method is solid, and you can actually read a chart, you should be raking in the cash on these moves. if you are losing money in this market, the market is telling you that your style of trading is flawed, regardless of what you want to believe. Anyone who is blaming their losses on volatility, plunge protection, martians, brokers, exchanges, the neighbors dog, manipulation, etc. is in denial. WD made a valid point, and those who respond with diatribe, are doing so out of their frustration of not being able to handle what is in front of them.

st

Oh really, so everyone is making money and noone is losing it? Please tell exactly who the counterparty is cause it certainly is not dumb money, since they are not in this market.

I'm responding because it is annoying to see these amateurish statements. It's equivalent to an acquaintence stating "Wow you must have made a lot of money today, Dow is up 100+ points" when the intraday action was actually slow. It's something that a newbie trader would say after experiencing some volatility and getting lucky on risky trades. A pro trader would stay humble and know that not everyone relies or even wants such crazy swings. It's not bubble hysteria with lots of mom & pop bagholders, it's a much more dangerous environment.

And so that you stop assuming, no, I am not blaming these Dow/S&P swings on any losses, although overall I have lost some money in the periods when these swings were going on. I have purposely tried to trade those periods because of the perceived opportunity and have realized that it is just gambling because it's just daytraders & bots trading with emotion & panic. So I made the mistake to learn that it's not worth it to trade in those periods. See, my method does not need the futures to go one way or the other, that's why I am able to capture $.50-1.00 trades on the long side while the Dow is down almost 200 points.

High volatility or low volatility, the market mechanics now are not as lucrative as they were in the past and never will be. 2003, while low volatility, was a very lucrative & CONSISTENT environment.

 

[Hydroblunt]

Quote from WD40:

Go get a job if you can't trade.

What I'm gonna go get is a coffee & a muffin since I was done for the day at 12pm and met my target. Can't wait to see you start crying once these swings dissapear and you can no longer "trade" aka gamble.

 

[traderdragon2]

Real traders make and lose money in all market conditions.

Sometimes, the market behaves in a way that aligns perfectly with your strategy and you make killing, while other overall profitable traders have a horrible a day.

Its the nature of the beast. I love days like today.